Office for Sale in Rochester, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Rochester, NY 14614

Description

Ideally Positioned Riverfront Redevelopment Opportunity From its perch overlooking the Genesee River, First Federal Plaza provides a unique blend of modern updates, retro-cool style, and untapped potential. The property is currently 45% occupied, presenting a unique window of opportunity to redevelop several floors of the main tower for multi-family residential or other potential uses. Please visit www.FirstFederalRochester.com to execute a confidentiality agreement and view the offering memorandum.

Market Context

This office in Rochester, NY is listed for sale. It has been on the market for 164 days. Compare it against other office listings for sale in Rochester, NY — <a href="/search/sale/office/new-york/rochester">view the full market</a>.

As of Q4 2021, the Rochester office market showed average asking rents near $56.40/SF/yr, and rents up 7.4% year over year. Source: Consensus Q4 2021 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Unified Estimate

Very Low Confidence

$30.20/SF – $40.86/SF

Mid: $35.53/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market charleston (similarity: 100%) with 10 comparable listings.

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